National Engineers Week Foundation

Analysis

National Engineers Week Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, National Engineers Week Foundation reported income of $2.6m and spending of $2.3m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.6m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, National Engineers Week Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include Genesee Community College Foundation Housing Services Inc ($2.6m), Linked Learning Alliance ($2.6m) and Explore Academy Foundation ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $185k (8.1% of expenses). Other salaries and wages came to $339k. At year end it held assets of $2.6m against liabilities of $223k, net assets of $2.4m. It reported 8 employees.